TIAA CREF Investment Management LLC decreased its holdings in Brink’s Company (The) (NYSE:BCO) by 17.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 167,764 shares of the business services provider’s stock after selling 35,729 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.33% of Brink’s Company (The) worth $11,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in Brink’s Company (The) by 118,199.8% in the first quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock valued at $291,179,000 after buying an additional 5,443,099 shares during the period. Vanguard Group Inc. raised its holdings in Brink’s Company (The) by 6.3% in the first quarter. Vanguard Group Inc. now owns 4,945,437 shares of the business services provider’s stock valued at $264,333,000 after buying an additional 295,025 shares during the period. Dimensional Fund Advisors LP raised its holdings in Brink’s Company (The) by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,684 shares of the business services provider’s stock valued at $84,434,000 after buying an additional 26,778 shares during the period. Wells Fargo & Company MN raised its holdings in Brink’s Company (The) by 13.7% in the second quarter. Wells Fargo & Company MN now owns 1,384,776 shares of the business services provider’s stock valued at $92,781,000 after buying an additional 167,358 shares during the period. Finally, State Street Corp raised its holdings in Brink’s Company (The) by 6.2% in the first quarter. State Street Corp now owns 1,133,950 shares of the business services provider’s stock valued at $60,610,000 after buying an additional 66,448 shares during the period. Hedge funds and other institutional investors own 89.85% of the company’s stock.

Shares of Brink’s Company (NYSE BCO) opened at 84.10 on Thursday. The firm has a 50-day moving average of $79.60 and a 200 day moving average of $68.02. Brink’s Company has a 12 month low of $36.24 and a 12 month high of $84.80. The firm has a market cap of $4.25 billion, a P/E ratio of 50.06 and a beta of 1.70.

Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The business had revenue of $806.00 million during the quarter, compared to analyst estimates of $730.87 million. During the same period in the previous year, the company earned $0.38 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Brink’s Company will post $3.02 EPS for the current fiscal year.

Several research analysts recently commented on BCO shares. ValuEngine upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, Imperial Capital upgraded shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price target for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Brink’s Company (The) has a consensus rating of “Buy” and an average price target of $86.00.

In related news, CAO Mcalister C. Marshall II sold 4,848 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total value of $376,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Feld sold 27,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $80.83, for a total value of $2,182,410.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 501,415 shares of company stock valued at $38,681,954. Corporate insiders own 10.40% of the company’s stock.

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Brink’s Company (The) Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

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Institutional Ownership by Quarter for Brink`s Company (The) (NYSE:BCO)

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